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Usha Martin Ltd

NSE: USHAMART BSE: 517146

425.10

(1.11%)

Fri, 13 Mar 2026, 04:51 am

Usha Martin Analysis

dividend

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Pros

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    Cons

    • Unable to calculate sustainability of dividends as Usha Martin has not reported any payouts.
    • Unable to evaluate Usha Martin's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
    • Unable to evaluate Usha Martin's dividend against the top 25% market benchmark as the company has not reported any payouts.

    health

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    Pros

    • Usha Martin is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
    • Whilst loss making Usha Martin has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -18.6% per year.
    • Whilst loss making Usha Martin has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
    • Debt is well covered by operating cash flow (39.5%, greater than 20% of total debt).
    • Debt is covered by short term assets, assets are 2.4x debt.
    • Usha Martin's cash and other short term assets cover its long term commitments.
    • The level of debt compared to net worth has been reduced over the past 5 years (222.8% vs 42.6% today).
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    Cons

    • Usha Martin is making a loss, therefore interest payments are not well covered by earnings.
    • Usha Martin's level of debt (42.6%) compared to net worth is high (greater than 40%).
    • High level of physical assets or inventory.

    management

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    Pros

    • The tenure for the Usha Martin management team is about average.
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    Cons

    • The average tenure for the Usha Martin board of directors is less than 3 years, this suggests a new board.
    • Rajeev's remuneration is higher than average for companies of similar size in India.
    • Rajeev's compensation has increased whilst company is loss making.
    • Usha Martin individual insiders have only sold shares in the past 3 months.

    misc

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    Pros

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      Cons

      • Usha Martin is not covered by any analysts.
      • Usha Martin has significant price volatility in the past 3 months.

      past

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      Pros

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        Cons

        • Unable to compare Usha Martin's 1-year earnings growth to the 5-year average as it is not currently profitable.
        • Usha Martin does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
        • Usha Martin used its assets less efficiently than the IN Metals and Mining industry average last year based on Return on Assets.
        • It is difficult to establish if Usha Martin improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
        • It is difficult to establish if Usha Martin has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
        • Unable to compare Usha Martin's 1-year growth to the IN Metals and Mining industry average as it is not currently profitable.

        value

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        Pros

        • Usha Martin is good value based on assets compared to the IN Metals and Mining industry average.
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        Cons

        • Usha Martin's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
        • Usha Martin's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
        • Usha Martin is loss making, we can't compare its value to the IN Metals and Mining industry average.
        • Usha Martin is loss making, we can't compare the value of its earnings to the India market.
        • USHAMART underperformed the Metals and Mining industry which returned -28.6% over the past year.
        • USHAMART underperformed the Market in India which returned -14.5% over the past year.
        • NSEI:USHAMART is up 3.8% underperforming the Metals and Mining industry which returned 7.5% over the past month.
        • NSEI:USHAMART is up 3.8% underperforming the market in India which returned 8% over the past month.

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        Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800